Discussion in 'Commodity Futures' started by Buy1Sell2, May 3, 2017.
Decent intraday profit taking point here at 62.80.
Longer term, this 62.80 is a good buy area in my view.
So far, correct. Nice going.
Thanks---Prices should continue higher in my view. The person that manages their position correctly will make the most (or lose the least).
Looking for a long day/swing trade if we get to 61.90 or an obvious long signal.
This continues to be a good long term buy from the 62.80 area even though we have had pullback.
I'm in a firm belief that from a fundamental perspective global stocks continue to draw down. US stocks may see builds as refinery maintenance and increased production hit this spring which might cause some swings at EIA release. I wont be surprised to see a 70 handle this summer. Been adding to my longs on pull backs. IF US production didn't increase like it did to 10 M/D+ we'd be at $70 or $80 by now.
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